According to the company, the SimpleNexus mobile app will now be able to instantly notify loan officers when key valuation-related actions occur during the loan origination process. Lenders with additional automatic email alerts built into the valuation workflow will also see their alerts pushed to loan officers via the SimpleNexus app. The alerts will include a direct link to the appraisal order in AIM-Port.Lender reports a 62-basis-point reduction in loan-level pricing adjustments for qualifying transactions and removes an 80% LTV restriction as alternative credit scoring gains traction
CrossCountry Mortgage is reporting an estimated $2,500 in average borrower savings from its adoption of VantageScore 4.0, adding to a growing body of lender-reported results showing how competition between credit scoring models is translating into lower loan costs.The Clevel...
After years of chasing production numbers, one mortgage sales veteran learned that closing deals means little if you lose the trust of the people behind them
"Listen, your credit is crap. If you don't want the deal, move on."I said that to a borrower once. Word for word. The part that bothers me now isn't just what I said. It's that I didn't think about him again. He walked out, and I went right back to work.Early in my career, I...
Enjoy access to a free NMLS renewal class when you attend an in-person event.
